FXnet Review

FXnet
50% Deposit Bonus
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Overview

FxNet is operating license as a financial services provider by Cyprus Securities and Exchange Commission (CySEC).  FxNet’s headquarter is in Limassol, Cyprus. Their strategy is to provide exceptional client service, transparency in their transactions and new trading solutions. FxNet has teamed up with world well-known software developing companies Deloitte and Oracle to create a high-tech CRM…

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Details

Broker FXnet
Website URL www.fxnet.com
Founded 2012
Headquarters Cyprus
Type of Broker STP/ECN
Support Types Telephone, Email, Live Chat
Languages ENGLISH, ITALIAN, GREEK, RUSSIAN, CHINESE, KOREAN, ARABIC, JAPANESE
Trading Platform MT4 DESKTOP, MT4 SIMPLETRADER, ANDROID, IPHONE/IPAD, WINDOWS MOBILE/SE
Minimum Deposit $25
Bonus 50% Deposit Bonus
Max Leverage 500:1
Spread 0.0 - 3.0
Free Demo Account Open Demo
Regulated Yes
Regulation CySEC
Hedging Yes
One-Click Execution Yes
OS Compatibility Windows, Mobile, Web, iPhone, iPad, Mac
Account Types VIP Account, Segregated Account, Islamic Account (Swap Free), Institutional Accounts, Managed Accounts
Deposit Methods "BANK WIRE, CREDIT/ DEBIT CARD, MONEYBOOKERS (SKRILL), CHINA UNION PAY, NETELLER, WEBMONEY, CASHU, UKASH, FASAPAY, PAYZA "
Withdrawal Methods "BANK WIRE, CREDIT/ DEBIT CARD, MONEYBOOKERS (SKRILL), CHINA UNION PAY, NETELLER, WEBMONEY, CASHU, UKASH, FASAPAY, PAYZA "
More Instruments Metals, Oil, Gold, Indices, Stocks, Commodities, CFDs
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 4.1/5.0

Screenshots

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Pros

  • Fixed Spreads
  • High Leverage At 1:500
  • Legal Protection With A Regulated Broker
  • Low Minimum Deposit
  • Multiple Choice Of Trading Platforms
  • Negative Balance Protection
  • No Requotes
  • Personalized Service
  • Plenty Of Bonuses
  • Plenty Of Promotional Activities Like Contests
  • Quick Withdrawal
  • Reliable 24/5 Support
  • Support EAs
  • True STP Broker (No Conflict Of Interest)
  • Wide Range Of Trading Tools

Cons

  • Don’t accept U.S clients (Does not affect European or Asian based clients)
  • With fixed spreads at 2.8 pips, this might seem high for some traders who are trading the majors.

Review

FxNet is operating license as a financial services provider by Cyprus Securities and Exchange Commission (CySEC).  FxNet’s headquarter is in Limassol, Cyprus. Their strategy is to provide exceptional client service, transparency in their transactions and new trading solutions. FxNet has teamed up with world well-known software developing companies Deloitte and Oracle to create a high-tech CRM system use for monitoring the needs of every customer that it has. FxNet has also came up with a basic but yet great web-based trading platform called “SimpleTrader” to enhance the trading experiences of their customers.

So far most of the comments from FxNet’s customers have been positive which seems to indicate that they are striving to provide top quality of service to their customers. Their investments into new new technology like the FxNet MT4 SimpleTrader could possibly be an award winning platform given enough time for the market to assess its efficiency. With so many benefits going for the customers of FxNet, beginners to forex trading are extremely suggested to give them a try.

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